- Equity markets were mixed this week amid a thin run of economic data, while comments from both the Fed and Bank of Canada signalled we have a long way to go still before we get any rate relief.
- The S&P 500 added 1.1%, with technology and telecom services leading the pack.
- Meanwhile, the TSX slipped 1.0% as health care, materials and energy fell.
Bottom Line: In our view, there’s still room for the housing market to decline further, with the risks greater in Canada than in the U.S.
Bottom Line: Recent declines in crude prices likely went too far, with healthy demand and possible supply shocks suggesting that oil is currently undervalued.
Bottom Line: The resolution to the SAG-AFTRA strike is good news, but it didn’t have a particularly negative effect on streaming companies, some of which may be slightly undervalued.
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